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Judge backs banker’s sacking over erroneous Sh48m forex transfer
The court dismissed Mary Wachira’s claim of unfair termination, finding that she negligently approved Sh48 million foreign-exchange without independently confirming receipt of the corresponding funds.
The Employment and Labour Relations Court has upheld Bank of Africa’s decision to fire a senior banking officer over an erroneous Sh48 million foreign-exchange transfer to Dubai Bank Kenya Limited 10 years ago.
The court dismissed Mary Wachira’s claim of unfair termination, finding that she negligently approved the payment to Dubai Bank Kenya Limited without independently confirming receipt of the corresponding funds.
